The Board of Investment of Sri Lanka granted investment
approval to Lanmak Engineering (Private) Limited. Dhammika Perera,
Chairman / Director General signed the agreement on behalf of the BOI
and formally presented the BOI Certificate of Registration to the
investors.
The investment agreement worth Rs. 110 million was
signed with Lanmak Engineering. The venture will manufacture metal
components and parts for telecommunication equipment and towers. These
components would be supplied to local telecommunication providers such
as Dialog, Mobitel, Airtel and Sri Lanka Telecom. Lanmak Engineering
would be manufacturing components such as bolts, nuts, tower fittings,
auxiliary items, cross arms and D brackets for the local market
The venture will set up a state of the art manufacturing
plant at Seeduwa and will be utilising machinery imported mainly from
India. Imported raw material will be used for production of the metal
components. The venture is expected to generate employment for 200.
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